In 1900 the hotel was renamed The Beauchamp Hotel after an Englishman, William Lygon, 7th Earl of Beauchamp and Governor of NSW from 1899-1900 at age 26. He was described as a Progressive & though good at his job he was unpopular in the colony for creating controversy. He also enjoyed the company of local writers & artists including Henry Lawson & Vitor Daley. 
On returning to England he married Lady Grosvenor, granddaughter of the 1st Duke of Wesminster & had seven children. He had a string of titles included Lord Steward of the Household to King Edward VII, Privy Counselor, Liberal Leader in the House of Lords, Knight of the Garter & he carried the Sword of State at the coronation of King George V. 
Lord Beauchamp was “outed” as homosexual (a criminal offense at the time)   to the King & Queen by his Tory brother-in-law, the Duke of Westminster, who hoped to ruin the Liberal Party through Beauchamp. There was no public scandal, but Lord Beauchamp resigned all his offices except for the Wardenship of the Cinque Ports.
He went into exile on the Continent, living in Italy, Germany & France and died of cancer aged 66 at the Hotel Waldorf-Astoria in New York. 
Lord Beauchamp is generally supposed to have been the model for Lord Marchmain in Evelyn Waugh’s novel, Brideshead Revisited. 
In 2004 the hotel was derelict & de-licenced. The current owners undertook a major renovation. 
The Sydney Morning Herald said it was “Worth the wait…” Tour
History
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